Lennar Co. (NYSE:LEN) Stock Position Lowered by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Lennar Co. (NYSE:LEN) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,158 shares of the construction company’s stock after selling 281 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Lennar were worth $1,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Waterloo Capital L.P. acquired a new stake in Lennar during the fourth quarter valued at approximately $655,000. EHP Funds Inc. acquired a new stake in shares of Lennar during the fourth quarter valued at approximately $790,000. Elo Mutual Pension Insurance Co lifted its position in shares of Lennar by 3.1% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 21,840 shares of the construction company’s stock valued at $3,255,000 after acquiring an additional 648 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Lennar by 59.3% in the 4th quarter. State of Tennessee Treasury Department now owns 197,112 shares of the construction company’s stock worth $29,378,000 after purchasing an additional 73,369 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in Lennar during the 4th quarter worth approximately $16,394,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LEN shares. Citigroup increased their target price on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. BTIG Research decreased their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. JPMorgan Chase & Co. upped their target price on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $144.00 price objective on shares of Lennar in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $181.94.

Lennar Price Performance

Shares of Lennar stock opened at $182.25 on Friday. The firm has a fifty day simple moving average of $179.65 and a 200-day simple moving average of $165.69. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.71 and a beta of 1.61. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the prior year, the firm posted $3.91 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Lennar Co. will post 14.13 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. Lennar’s dividend payout ratio is currently 13.60%.

Lennar Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.